XCAT trading symbol is an experiment in using Counterparty to:

• test counterparty trading
• a test environment for Catoshi Catcoin client
• promote CATCOIN

1 unit of XCAT will be redeemable for 1 unit of Catcoin as defined by the open-source AGPLv3 software 'Catoshi' Catcoin blockchain-compatible

DISCLAIMER: This is not a currency, security, or any other sort of money transmission instrument or regulated commodities trade. This is an excercise in Cryptocoin software quality assurance and testing which can ONLY be accomplished by using real-live tradeable digital tokens that may be mistaken to actually have real value.

The program (Catoshi) is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details.

The transaction is only considered final once the US dollars for selling bitcoin actually end up in a 7 elements LLC bank account. If you transfer ownership of your coupon to someone else, I will need to know BOTH of your shipping addresses for the exchange offer to be valid. 7 Elements LLC will not be responsible for lost or stolen passphrases, bitcoin wallets, counterparty tokens, or any other technical problems. Any disputes will be settled via mediation in Minneapolis, MN, or Manly, Iowa. Shipping, local taxes, and export fees are the responsibility of the buyer.

This is a best effort *experiment*. Expect that *something* will go wrong, and I will make my best effort to fix what I can.

Risks and Challenges

• Regulatory risk: If Catcoin ever becomes worth real money, all the money may be spent defending that code is speech, and speech is free
• Crime risk: Someone may apply a rubber hose attack and beat me until I turn over cryptographic keys
• 0day risk: I might get hacked by a 0day exploit for the proprietary firmware running on my phone modem or network card and someone steals my crypotokeys right out from under my otherwise-mostly-secured-operating system
• 3rdparty risk: Any number of suppliers or 3rd parties this project depends on may fail to deliver, go bankrupt, or otherwise be douchebags

   

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